In economics, broad money is a measure of the money supply that includes more than just physical money such as currency and coins (also termed narrow money). It generally includes demand deposits at commercial banks, and any monies held in easily accessible accounts. Components of broad money are still very liquid, and non-cash components can usua...
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Include not only assets used as a medium of exchange, but also those used as a temporary store of value - i.e. immediate and potential purchasing power. It is a definition of money that includes some less liquid types of money as well as the narrower forms of money like notes and coins. The most commonly used measure of broad money in the UK is M4....
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See: 'money supply... <a target=_blank href='http://www.finance-glossary.com/terms/broad-money.htm?id=179&ginPtrCode=00000&PopupMode=false' title='Read full definition of broad money'>more</a>
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